Alphabet raises $85 billion through record stock sale earmarked for AI infrastructure and data centers

Alphabet's initial $40 billion equity offering was oversubscribed and raised $45 billion instead, with the company planning to sell another $40 billion next quarter for $85 billion total. Berkshire Hathaway purchased $10 billion worth.

The $85 billion total surpasses the previous record for equity offerings of $70 billion set by Petroleo Brasileiro SA in 2010. Alphabet has $110 billion in revenue in Q1 alone, up 22% year-over-year.

Alphabet expects to spend between $180 billion and $190 billion on capital expenditures before the year is out, largely on AI infrastructure and data centers. The stock sale signals strong public investor appetite ahead of upcoming IPOs from Anthropic and OpenAI.